The stay on the operation of the FIR as well as the trial court order will remain in force till December 6, the next date of the hearing
Though the defaulter companies have repaid the Rs 312.42 crore in full, only Rs 183.15 crore has actually reached the customers, the Ministry of Heavy Industries data show
Industry experts are hoping for better numbers during the festive period's sweet spot, set to unfold over the next 42 days
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It may also be noted that while the complainant has mentioned company officials, however, no official has been named in the FIR, the company said
The bike was launched at a starting price of Rs 2.29 lakh, however, it was later raised by Rs 10,500 to Rs 2,39,500
Stocks to Watch on Thursday, October 5, 2023: The government, on Wednesday, released the fifth Positive Indigenisation List (PIL) of 98 items which will be procured by the three armed services
This contrasts sharply with the passenger vehicle (PV) market, where automotive manufacturers are posting record sales numbers
Hero MotoCorp on Friday said it will increase prices of select motorcycles and scooters by around 1 per cent from October 3. The company will make a marginal revision in the ex-showroom prices of select motorcycles and scooters, effective from October 3, 2023, the country's largest two-wheeler maker said in a statement. The price increase will be around 1 per cent, and the exact quantum of increase will vary by specific models and markets, it added. The price revision is part of our regular review of product competitiveness and positioning, factoring inflation, margins and market share, the company stated.
The bike is available in three colours: Racing Red, Ebony Black, and Metallic Pearl White
The date for the new booking window will be announced soon, which will incorporate the revised price of the bike
Policy predictability is needed to make investment plans for accelerating electric mobility in the two-wheeler segment, according to electric two-wheeler maker Ather Energy Chief Business Officer Ravneet S Phokela. The company, in which Hero MotoCorp is a significant investor, expects 100 per cent electrification of the domestic two-wheeler market by 2030 even as it prepares to start exports to an India-like market in the near future. With the FAME-II (Faster Adoption of Manufacturing of Electric Vehicles in India) scheme coming to an end in March next year, Phokela said Ather is happy with the government support and the current levels of subsidy but hoped that it would be extended for another three to five years for acceleration of EV adoption. "Two requirements, extend the period of time and importantly, let there be policy predictability," he told PTI when asked about the company's wishlist for FAME III. He further said,"Unpredictability is not good for business because my busin
Stocks to watch on Thursday, September 14, 2023: Delta Corp, Indiabulls Housing Finance, IEX, India Cements, Manappuram, REC and SAIL among stocks in F&O ban today.
Electric two-wheeler manufacturer will use funding to launch new products, expanding charging infra
Stocks to watch on September 5, 2023: Vishnu Prakash R Punglia will debut on the bourses today. The issue price is Rs 99 and the stock may list with up to 60 per cent premium
Hero MotoCorp on Monday said it will invest an additional Rs 550 crore in Ather Energy. The company's board, at its meeting held on September 4, 2023, has approved an investment of up to Rs 550 crore in the Rights issue of Ather Energy, Hero MotoCorp said in a regulatory filing. The investment is subject to the execution of definitive documents and completion of certain conditions customary to a transaction of this nature, it added. Prior to the proposed investment, Hero MotoCorp's shareholding in Ather stood at 33.1 per cent, the country's largest two-wheeler said.
Stocks to watch on September 4, 2023: The government has invited bids to appoint an asset valuer for its stake sale in IDBI Bank
Achieving production target for FY24 is secondary right now, he added
Hero Karizma is back with its XMR 210, the company is launching the motorcycle in its new avatar today, originally launched in India in the mid-2000s and survived till the late 2010s
Karizma XMR is Hero MotoCorp's first liquid-cooled 210 cc DOHC 4V engine, making 25.5 PS of maximum power and 20.4 Nm torque